The San Carlos Real Estate Week in Review: 1-11-14.

Desperately Seeking Inventory.

The first full week of the new year didn't bring buyers what they have been desperately looking for – new inventory.  As of this morning, there are only 3 single-family homes for sale in the entire city of San Carlos, which is the lowest level that we've started off a new year in recent history.

As we discussed last week in Part III of our seller's series, the ideal time to sell your home is when you have the combination of maximum demand and the least amount of inventory — which perfectly describes the market conditions in San Carlos right now.   But these prime selling conditions won't last forever.  There's no doubt that more listings will be coming up.  It's just a matter of who is going to get their home on the market first and take advantage of these conditions.

Here are the details from last week…

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 1-11-2014:

San Carlos Housing Data	1-11-14	Prior Week
Closed Sales for the Week:	6	3
Average Sold Price	$1,641,833	$1,575,333
Average $/Sq Foot (Sold)	$784	$809
Sold Price vs Orig List (%)	102%	115%
Average DOM of Closed Sales	19	7
No. of Homes Pending Sale:	11	14
Inventory of Active Listings:	3	5
Average Price of Active Listings:	$1,349,333	$1,264,568
Average DOM of Active Listings:	60	64
Average $/Sq Foot (List)	$560	$595
Active-Pending Ratio:	0.27 : 1	0.38 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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Single-Family Homes SOLD in San Carlos:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address	Sold Price	Orig. List	Difference	Days on Market
18 Estrada Place	$2,200,000	$2,350,000	-$150,000 (-6.4%)	68
1532 Greenwood Avenue	$1,975,000	$1,975,000	$0 (0%)	0
30 Dover Court	$1,610,000	$1,495,000	+$115,000 (+7.7%)	13
8 Portofino Court	$1,584,000	$1,599,000	-$15,000 (-0.9%)	25
818 Cordilleras Avenue	$1,307,000	$1,125,000	+$182,000 (+16.2%)	8
878 Heather Drive	$1,175,000	$1,149,000	+$26,000 (+2.3%)	1

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

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San Carlos Homes Pending Sale for the Week:

The following homes went into contract his week. Click on the address to see more details:

Address	DOM (days)	List Price
23 Vine Street	43	$949,950
135 Dale Avenue	8	$528,888

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

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New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to get the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
126 Manor Drive	$899,000	3BR/2BA	1,230/4,840	Devi Strass, Broker

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

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